Cui Dongshu, China Automobile Federation Branch: The market value of listed automobile companies is not only the capital market's pricing of the company's current operating results, but also a “barometer” reflecting trends, technological changes, and policy orientation in the automotive industry. Many automakers take market value management as an important job, so tracking changes in market value is also an important field of industry research. It is difficult for automakers to list A-shares, which makes A-shares less competitive than international stock markets. Among the market capitalization of automakers in the world, the US stock market is the largest. It reached 14.96 trillion yuan in December 2025, up 3% from November and 10% from the previous year. Meanwhile, the Hong Kong stock market also reached a scale of 2.79 trillion yuan, down 1% from November and up 23% from the previous year. The domestic A-share market reached a scale of 871.6 billion yuan, down 0.1% from November and 2% year-on-year. Here, we will focus on the market capitalization of some A-share Hong Kong stocks listed in many places. A-shares are relatively simple. Let's take a summary of the market capitalization of Chinese car companies and parts companies in the three regions of A shares, Hong Kong stocks, and US stocks. The auto parts share of 47.5% of the market value in December showed a strong performance, and the share of automakers in the market capitalization of 48.4% fell rapidly. Although Chery joined, the market capitalization share still declined markedly.

Cui Dongshu, China Automobile Federation Branch: The market value of listed automobile companies is not only the capital market's pricing of the company's current operating results, but also a “barometer” reflecting trends, technological changes, and policy orientation in the automotive industry. Many automakers take market value management as an important job, so tracking changes in market value is also an important field of industry research. It is difficult for automakers to list A-shares, which makes A-shares less competitive than international stock markets. Among the market capitalization of automakers in the world, the US stock market is the largest. It reached 14.96 trillion yuan in December 2025, up 3% from November and 10% from the previous year. Meanwhile, the Hong Kong stock market also reached a scale of 2.79 trillion yuan, down 1% from November and up 23% from the previous year. The domestic A-share market reached a scale of 871.6 billion yuan, down 0.1% from November and 2% year-on-year. Here, we will focus on the market capitalization of some A-share Hong Kong stocks listed in many places. A-shares are relatively simple. Let's take a summary of the market capitalization of Chinese car companies and parts companies in the three regions of A shares, Hong Kong stocks, and US stocks. The auto parts share of 47.5% of the market value in December showed a strong performance, and the share of automakers in the market capitalization of 48.4% fell rapidly. Although Chery joined, the market capitalization share still declined markedly.